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Family offices are big on DIY.
Just over 92% of family offices newly identified by FINTRX in the second quarter said they were most interested in direct investments. By comparison, just 10% said they were focused on hedge funds, versus nearly 40% of the broader FINTRX database mapping private wealth. The numbers suggest that newly established or identified family offices are showing a particularly strong appetite for investing directly in companies and other **** ets, rather than relying primarily on external fund managers.
"They're working with families that made their own wealth from founding a business or from sports or movies," said Patrick Galvin, FINTRX research **** ociate and author of the report. "Because they made their own wealth, they trend toward the direct investment **** e."
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#newly
Family offices are big on DIY.
Just over 92% of family offices newly identified by FINTRX in the second quarter said they were most interested in direct investments. By comparison, just 10% said they were focused on hedge funds, versus nearly 40% of the broader FINTRX database mapping private wealth. The numbers suggest that newly established or identified family offices are showing a particularly strong appetite for investing directly in companies and other **** ets, rather than relying primarily on external fund managers.
"They're working with families that made their own wealth from founding a business or from sports or movies," said Patrick Galvin, FINTRX research **** ociate and author of the report. "Because they made their own wealth, they trend toward the direct investment **** e."
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.
#newly
1 day ago
